real estate

Is your home worth more than your mortgage? For many Americans that is not the case and they fall further and further behind in their payments. Yet why did so many Americans obtain mortgages they should not have? Have you wondered why you can’t pick up a paper today without reading about someone having their home foreclosed on and what caused that problem? The number of Americans behind on their mortgage payments keeps increasing. For some- they obtained mortgages they could not keep up with. Many mortgages were given to people who could not repay. According to panelist: Richard Bitner,” [...]